________ is an organisation's ability to offer products or services that its customers perceive to be superior and unique relative to the products or services of its competitors,and to earn a premium based on that differentiation.
A)Cost leadership
B)Market growth
C)Product pricing
D)Product differentiation

Question

Quizplus · Accepted Answer

Product differentiation is an organization's ability to offer products or services that are perceived to be superior and unique relative to the products or services of its competitors. This differentiation can be based on various factors such as quality, design, features, branding, and customer service. By offering unique and superior products, businesses can earn a premium price for their products, which in turn, helps them to achieve a competitive advantage and increase market share.

________ Is an Organisation's Ability to Offer Products or Services